CANADA: Self-interest Appeal

Canada's Ambassador to Washington, Arnold
Heeney, last week tried a new approach to win support for lower U.S.
tariffs and fewer restrictions on Canadian exports. Speaking to a
convention of the Investment Bankers Association of Amer ica at
Hollywood, Fla., Heeney passed lightly over Canada's case for increased
trade, instead stressed the self-interest of U.S. investors in Canada's
prosperity. "Whether or not Americans realize it," he said, "they have
acquired an important stake in Canada's foreign trade."

The U.S. investment stake in Canada now amounts to more than $9 billion,
Heeney pointed out, and most of this money is invested in...